The Unmanned Sea Systems Market size is estimated at USD 2.30 billion in 2024, and is expected to reach USD 4.38 billion by 2029, growing at a CAGR of 13.78% during the forecast period (2024-2029).
The unmanned sea systems market is semi-consolidated in nature with a presence of few players holding significant shares in the market. Some of the key players in the market are General Dynamics Corporation, Teledyne Technologies Incorporated, BAE Systems plc, thyssenkrupp AG, and Kongsberg Gruppen ASA. Various companies have been collaborating on the development of autonomous features, as well as sophisticated acoustic and imaging sensors (like cameras, radar, sonar, and GPS), to decrease the pilot involvement operation of the systems in complex, variable, and communications-limited environments.
Also, major international shipbuilding and technology companies have been investing in acquiring stakes in UUV/USV manufacturers to enter the market studied. For instance, in July 2023, Garden Reach Shipbuilders and Engineers (GRSE), an Indian state-owned shipyard, launched Neerakshi, an autonomous underwater vehicle (AUV).
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